Economy

India’s Pharmaceutical Exports and Regulatory Measures for Drug Quality

India is a major player in the global pharmaceutical industry, ranking 11th worldwide in pharmaceutical exports in 2023 and accounting for 3% of total pharmaceutical exports. The Central Drugs Standard Control Organisation (CDSCO) and the Ministry of Health and Family...

Why India’s Agriculture Trade Surplus is Shrinking

India's agricultural exports have witnessed steady growth, particularly in basmati rice, spices, coffee, and tobacco. However, the surge in imports—mainly of pulses and edible oils—has led to a significant reduction in the country’s agriculture trade surplus. This narrowing gap is...

India’s Circular Economy: A $2 Trillion Market and 10 Million Jobs by 2050

India’s circular economy is projected to generate over $2 trillion in market value and create nearly 10 million jobs by 2050, according to Union Minister Bhupender Yadav. Speaking at the 12th Regional 3R and Circular Economy Forum in Asia and...

Crisil Forecasts India’s GDP Growth at 6.5% for FY26, Predicts Repo Rate Cut

Crisil, a leading credit rating agency, has forecasted India's GDP growth to remain steady at 6.5% in fiscal 2026 (FY26). The agency also anticipates that the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will reduce the repo rate...

GST Collections Surge by 9.1% to Reach ₹1.84 Lakh Crore in February 2025

The Goods and Services Tax (GST) collections in February 2025 saw a significant 9.1% year-on-year growth, reaching approximately ₹1.84 lakh crore, as per official data released. This increase highlights the robustness of domestic economic activity and improved compliance measures. Breakdown...

EPFO Retains 8.25% Interest Rate on Provident Fund Deposits for 2024-25

The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO), in its meeting held on February 28, 2025, recommended that the current annual interest rate of 8.25% on provident fund deposits be retained for the financial year...

India’s Economic Growth in Q3 of FY 2024-25: A Detailed Analysis

India's economic growth has shown a remarkable improvement in the third quarter (Q3) of FY 2024-25, with the Real GDP increasing to 6.2%, up from an initially reported 5.4% in the previous quarter. This positive growth trajectory is reflected in...

Index of Eight Core Industries (ICI) – January 2025 Report

The Index of Eight Core Industries (ICI) is a crucial economic indicator that reflects the performance of eight fundamental sectors of the Indian economy. These industries contribute significantly to the overall Index of Industrial Production (IIP), making their growth a...

Centre’s Proposal to Reduce States’ Share of Central Taxes from 2026

The Union government is considering a reduction in the share of central tax revenues allocated to states, from the current 41% to at least 40%. The recommendation will be submitted to the Finance Commission of India, chaired by economist Arvind...

India’s Economic Growth to Reach 6.4% in FY25 and FY26

India's economic growth is set to expand at 6.4% in both FY25 and FY26, according to the latest forecast by S&P Global Market Intelligence. This estimate reflects steady progress despite global economic challenges and domestic policy shifts. While the projection...